Bank of New York Mellon Corp Has $35.81 Million Holdings in Polaris Inc. $PII

Bank of New York Mellon Corp lessened its stake in shares of Polaris Inc. (NYSE:PII) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 657,075 shares of the company’s stock after selling 10,397 shares during the period. Bank of New York Mellon Corp’s holdings in Polaris were worth $35,811,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Ritholtz Wealth Management bought a new position in Polaris in the 4th quarter worth $1,172,000. Jefferies Financial Group Inc. bought a new stake in Polaris during the fourth quarter valued at about $10,778,000. Strs Ohio grew its holdings in Polaris by 17,000.0% in the 4th quarter. Strs Ohio now owns 51,300 shares of the company’s stock valued at $3,245,000 after buying an additional 51,000 shares during the last quarter. Comerica Bank increased its position in Polaris by 173.4% during the fourth quarter. Comerica Bank now owns 41,939 shares of the company’s stock worth $2,653,000 after acquiring an additional 26,601 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Polaris by 87.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 34,937 shares of the company’s stock worth $1,905,000 after purchasing an additional 16,252 shares during the period. 88.06% of the stock is owned by institutional investors.

Polaris Stock Up 0.6%

NYSE PII opened at $73.00 on Friday. The stock has a market capitalization of $4.15 billion, a P/E ratio of -9.31 and a beta of 1.25. Polaris Inc. has a 52 week low of $47.14 and a 52 week high of $75.25. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. The stock has a fifty day moving average of $68.66 and a 200-day moving average of $64.25.

Polaris (NYSE:PII) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.56. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities research analysts forecast that Polaris Inc. will post 1.76 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.68 per share. The ex-dividend date was Monday, June 1st. This represents a $2.72 dividend on an annualized basis and a yield of 3.7%. Polaris’s dividend payout ratio is presently -34.69%.

Analyst Ratings Changes

A number of brokerages recently commented on PII. Roth Capital restated a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Polaris in a report on Tuesday, July 7th. Wells Fargo & Company lifted their target price on shares of Polaris from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley decreased their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $65.00.

Polaris Company Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.